27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Shares of Big Lots, Inc. (NYSE: BIG) and Regis Corporation (NYSE: RGS) are surging on Thursday trading, ahead of the announcement of the companies’ quarterly financial results, both scheduled for Friday morning before the market opens.
So, let’s take a look at what the Street and the crowd are expecting from these calls.
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Big Lots
The small-cap discount retailer is expecting to deliver a 6.4 percent year-over-year increase in earnings; management guided earnings are in the range of $0.31 to $0.35 per share ($0.33 midpoint), up from $0.31 per share reported a year ago.
According to Estimize, the Street and the crowd, for their part, are modeling consensus earnings of $0.34 per share on revenue of $1.192 billion and $1.193 billion, respectively – almost flat year-over-year.
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However, it should be noted that last quarter, Big Lots reported earnings of $0.60 per share on revenue of $1.28 billion. It should also be noted that earnings are quite seasonal and tend to peak on the fourth quarter of each year, bottoming in the third quarter.
Regis Corporation
Regis is a small-cap company that owns, operates and franchises beauty salons. For the fourth quarter, the Street is projecting consensus earnings of $0.08 per share on revenue of $477.85 million.
These figures compare to last quarter’s net loss of ($0.07) per share on revenue of $453.96 million and the net loss of ($0.10) per share on revenue of $483.9 million registered a year ago.
However, note in the chart above that the company has widely missed expectations in seven of the last eight quarters.
Image Credit: "Big Lots, Trexlertown (2)" by CyberXRef - Own work. Licensed under CC BY-SA 3.0 via Wikimedia Commons.JPG#/media/File:Big_Lots,_Trexlertown_(2).JPG){kind=link}
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.